SmartFinancial, Inc. operates as the bank holding company for SmartBank that provides various financial services to individuals and corporate customers in Tennessee, Alabama, Florida, and Georgia.
Flawless balance sheet and undervalued.
Share Price & News
How has SmartFinancial's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: SMBK has not had significant price volatility in the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: SMBK underperformed the US Banks industry which returned 10.6% over the past year.
Return vs Market: SMBK underperformed the US Market which returned 20.3% over the past year.
Price Volatility Vs. Market
How volatile is SmartFinancial's share price compared to the market and industry in the last 5 years?
Simply Wall St News
3 days ago | Simply Wall StWesley Welborn Is The Chairman of the Board of SmartFinancial, Inc. (NASDAQ:SMBK) And They Just Spent US$117k On Shares
6 days ago | Simply Wall StDoes The SmartFinancial, Inc. (NASDAQ:SMBK) Share Price Tend To Follow The Market?
2 weeks ago | Simply Wall StThere's A Lot To Like About SmartFinancial, Inc.'s (NASDAQ:SMBK) Upcoming US$0.05 Dividend
Is SmartFinancial undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: SMBK ($21.35) is trading below our estimate of fair value ($33.23)
Significantly Below Fair Value: SMBK is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: SMBK is good value based on its PE Ratio (11.2x) compared to the Banks industry average (12.6x).
PE vs Market: SMBK is good value based on its PE Ratio (11.2x) compared to the US market (18.3x).
Price to Earnings Growth Ratio
PEG Ratio: SMBK is poor value based on its PEG Ratio (2.6x)
Price to Book Ratio
PB vs Industry: SMBK is good value based on its PB Ratio (1x) compared to the US Banks industry average (1.2x).
How is SmartFinancial forecast to perform in the next 1 to 3 years based on estimates from 7 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: SMBK's forecast earnings growth (4.3% per year) is above the savings rate (1.7%).
Earnings vs Market: SMBK's earnings (4.3% per year) are forecast to grow slower than the US market (14.2% per year).
High Growth Earnings: SMBK's earnings are forecast to grow, but not significantly.
Revenue vs Market: SMBK's revenue (12.3% per year) is forecast to grow faster than the US market (7.6% per year).
High Growth Revenue: SMBK's revenue (12.3% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: SMBK's Return on Equity is forecast to be low in 3 years time (8.2%).
How has SmartFinancial performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: SMBK has high quality earnings.
Growing Profit Margin: SMBK's current net profit margins (29.4%) are higher than last year (22.5%).
Past Earnings Growth Analysis
Earnings Trend: SMBK's earnings have grown significantly by 56.8% per year over the past 5 years.
Accelerating Growth: SMBK's earnings growth over the past year (46.7%) is below its 5-year average (56.8% per year).
Earnings vs Industry: SMBK earnings growth over the past year (46.7%) exceeded the Banks industry 12.3%.
Return on Equity
High ROE: SMBK's Return on Equity (8.5%) is considered low.
Return on Assets
Return on Capital Employed
How is SmartFinancial's financial position? (This company is analysed differently as a bank or financial institution)
Financial Position Analysis
Debt to Equity History and Analysis
Inventory Level: SMBK has a low level of unsold assets or inventory.
Debt Coverage by Assets: SMBK's debt is covered by short term assets (assets are 2.8x debt).
Financial Institutions Analysis
Asset Level: SMBK's level of assets compared to its equity is low.
Allowance for Bad Loans: SMBK has a sufficient allowance for bad loans.
Low Risk Liabilities: SMBK's liabilities are made up of primarily low risk sources of funding.
Loan Level: SMBK has an acceptable proportion of non-loan assets held.
Low Risk Deposits: SMBK's loans are broadly funded by customer deposits.
Level of Bad Loans: SMBK has an appropriate level of bad loans (0.18%)
What is SmartFinancial's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: SMBK's dividend (0.94%) isn’t notable compared to the bottom 25% of dividend payers in the US market (1.44%).
High Dividend: SMBK's dividend (0.94%) is low compared to the top 25% of dividend payers in the US market (3.73%).
Stability and Growth of Payments
Stable Dividend: Too early to tell whether SMBK's dividend payments have been stable as they only just started paying a dividend.
Growing Dividend: Too early to tell if SMBK's dividend payments are increasing as they only just started paying a dividend.
Current Payout to Shareholders
Dividend Coverage: With its low payout ratio (2.6%), SMBK's dividend payments are thoroughly covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: SMBK's dividends in 3 years are forecast to be thoroughly covered by earnings (10.8% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Billy Carroll (50yo)
Mr. William Young Carroll, Jr., also known as Billy, serves as the President and Chief Executive Officer at SmartFinancial, Inc. He serves as the Chief Executive Officer and President at SmartBank. He serv ...
CEO Compensation Analysis
Compensation vs Market: Billy's total compensation ($USD612.17K) is below average for companies of similar size in the US market ($USD1.11M).
Compensation vs Earnings: Billy's compensation has been consistent with company performance over the past year.
|Executive VP & CFO||0.8yrs||no data||0.039% $117.4k|
|Executive Vice President of SmartFinancial Investment & Institutional Investor Relations||0yrs||US$285.47k||0.33% $985.5k|
|Executive VP & CCO||10.1yrs||US$174.06k||no data|
|Controller||4yrs||no data||no data|
|Executive VP & Chief Lending Officer of SmartBank||0yrs||US$212.50k||0.22% $651.8k|
|Executive VP & Chief Credit Officer of SmartBank||0yrs||US$443.45k||0.090% $267.8k|
|Executive VP & Chief Risk Officer of SmartBank||0yrs||US$160.00k||0.021% $61.9k|
|Senior VP and Director of Marketing & Public Relations - SmartBank||0yrs||no data||no data|
|Senior VP||0yrs||US$134.97k||no data|
Experienced Management: SMBK's management team is considered experienced (4.3 years average tenure).
|Chairman of the Board||10.3yrs||US$404.78k||0.78% $2.3m|
|Independent Director||10.1yrs||US$53.00k||1.39% $4.2m|
|Vice Chairman of the Board||4.5yrs||US$377.00k||0.20% $586.4k|
|Independent Director||10.1yrs||US$68.00k||1.23% $3.7m|
|Independent Director||10.1yrs||US$56.75k||0.85% $2.5m|
|Lead Director||0yrs||US$59.00k||1.49% $4.5m|
|Independent Director||10.1yrs||US$50.75k||0.57% $1.7m|
|Independent Director||5.8yrs||US$55.25k||0.068% $203.1k|
|Independent Director||2.3yrs||US$47.00k||0.36% $1.1m|
Experienced Board: SMBK's board of directors are seasoned and experienced ( 10.1 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: SMBK insiders have sold more shares than they have bought in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 12.3%.
SmartFinancial, Inc.'s company bio, employee growth, exchange listings and data sources
- Name: SmartFinancial, Inc.
- Ticker: SMBK
- Exchange: NasdaqCM
- Founded: 1983
- Industry: Regional Banks
- Sector: Banks
- Market Cap: US$299.076m
- Shares outstanding: 14.01m
- Website: https://www.smartfinancialinc.com
Number of Employees
- SmartFinancial, Inc.
- 5401 Kingston Pike
- Suite 600
- United States
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|SMBK||NasdaqCM (Nasdaq Capital Market)||Yes||Common Stock||US||USD||Sep 2015|
SmartFinancial, Inc. operates as the bank holding company for SmartBank that provides various financial services to individuals and corporate customers in Tennessee, Alabama, Florida, and Georgia. The company offers various deposit products, including interest bearing and non-interest bearing checking accounts, savings accounts, money market accounts, individual retirement accounts, and certificates of deposit. It also provides commercial real estate loans, consumer real estate loans, and construction and land development loans; commercial and industrial loans, including commercial, financial, and agricultural loans; and consumer and other loans, such as direct consumer installment loans, overdrafts and other revolving credit loans, and educational loans. In addition, the company offers Internet and mobile banking services. As of December 31, 2018, it operated through 29 full-service branches located in Tennessee, Alabama, and Florida; and 2 loan production offices, 2 mortgage loan production offices, and 2 service centers. SmartFinancial, Inc. was incorporated in 1983 and is headquartered in Knoxville, Tennessee.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/02/20 00:57|
|End of Day Share Price||2020/02/19 00:00|
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.